How to handle striver friend
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Date: September 1st, 2010 11:15 AM Author: curious school
A good friend of mine recently started working in "personal wealth management" in a regional city (think Sacremento or Charlotte) for a relatively well known bank.
He has taken to referring to himself as "working on Wall Street." (To be fair, his bank is an NYC bank). He also went on the other day about how he thinks everyone who actually works in NYC is a fool because "they do the same thing as him" with a higher cost of living.
Otherwise, he is a nice guy and a good friend. How do I politely tell him to STFU? Or this a situation best ignored?
(http://www.autoadmit.com/thread.php?thread_id=1411452&forum_id=2#15938152) |
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Date: October 9th, 2011 1:52 PM Author: motley bbw
Entrepreneurs assume the burden of true, unknowable risk. Strivers attempt to rise to a high position within an established institution. Since entrepreneurs enter situations where outcomes aren't knowable given the current state of information, some enter situations where they can do things like create new industries despite lacking any special knowledge or specific skills (Ray Kroc,) or where one particular deal can make your fortune permanently (Bill Gates.)
The cost of this lottery ticket is very high, and most entrepreneurs fail. If Ray Kroc had, for instance, been selling shoes rather than milkshake machine parts, he wouldn't have been in a position to do business with the McDonald brothers, and maybe he'd have wound up like Willy Loman rather than with models, bottles, and a barn full of luxury cars.
It's quite rational to prefer to take a bet on a sure thing. Naturally the rewards are lower since you are dealing with a high-information situation where everyone can parse the difference between Penn, Cornell and Harvard down to the last tenth of a GPA point. Since there are so few rich, undiscovered veins in these situations, people have to spend all their time efficiently exploiting the same resources as everyone else - padding hours here, shaving bonuses there, until over 40 years you make 10% more than another firm and then you can steal their practice groups.
(http://www.autoadmit.com/thread.php?thread_id=1411452&forum_id=2#19134280) |
Date: October 9th, 2011 4:37 PM Author: slimy sepia deer antler meetinghouse
what's he getting paid is the real question
If it is comparable to what kikes make in NYC, then he is at least partly credited
(http://www.autoadmit.com/thread.php?thread_id=1411452&forum_id=2#19135367)
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